Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) released financial results for the second quarter on Thursday after the bell. Here&#8217;s a look at the key details <a href="https://www.benzinga.com/pressreleases/25/06/b45914097/adobe-reports-record-revenue-in-q2-and-raises-fy25-revenue-and-eps-targets">from the print</a>.



Q2 Earnings: Adobe reported second-quarter revenue of $5.87 billion, beating analyst <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $5.79 billion, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported second-quarter adjusted earnings of $5.06 per share, beating estimates of $4.96 per share.



Total revenue was up 11% year-over-year as digital media revenue climbed 11% year-over-year and digital experience revenue increased 10% year-over-year. At the end of the quarter, Adobe had $19.69 billion in remaining performance obligations. 



Adobe said it repurchased approximately 8.6 million shares during the second quarter. The company ended the period with $4.93 billion in cash and cash equivalents.



&#8220;Adobe&#8217;s AI innovation is transforming industries enabling individuals and enterprises to achieve unprecedented levels of creativity,&#8221; said&nbsp;Shantanu Narayen, chair and CEO of Adobe.



See Also: <a href="https://www.benzinga.com/news/politics/25/06/45913665/if-you-invested-1000-in-palantir-stock-when-marjorie-taylor-green-disclosed-buying-heres-how-much-youd-have-now">If You Invested $1,000 In Palantir Stock When Marjorie Taylor Green Disclosed Buying, Here&#8217;s How Much You&#8217;d Have Now</a>



Guidance:&nbsp;Adobe expects third-quarter revenue of $5.88 billion to $5.93 billion versus estimates of $5.87 billion. The company anticipates third-quarter adjusted earnings of $5.15 to $5.20 per share versus estimates of $5.10 per share.



Adobe raised expectations for full-year 2025 revenue to $23.5 to $23.6 billion, up from prior guidance of $23.3 billion to $23.55 billion. Adobe also raised its full-year adjusted earnings guidance to a range of $20.50 to $20.70 per share, up from a prior guidance range of $20.20 to $20.50 per share. 



According to <a href="http://pro.benzinga.com">Benzinga Pro</a>, analysts are anticipating full-year revenue of $23.44 billion and full-year earnings of $20.36 per share.



&#8220;We continue to invest in AI innovation across our customer groups to enhance value realization and expand the universe of customers we serve,&#8221; said Dan Durn, executive vice president and CFO of Adobe.



Adobe&#8217;s management team will further discuss the quarter on a conference call with investors and analysts from 5 p.m. to 6 p.m. ET.



ADBE Price Action:&nbsp;<a href="https://www.benzinga.com/quote/ADBE" target="_blank" rel="noreferrer noopener">Adobe shares</a>&nbsp;were down 1.49% in after-hours, trading at $407.50 at the time of publication Thursday, per <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



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Adobe Q2 Earnings: Revenue Beat, EPS Beat, Raised FY Guidance, Continued Investments In AI Innovation

As the U.S. dollar has slumped to its lowest level in over two years, emerging market stocks rallied in near-perfect inverse fashion—a trend that may be just <a href="https://www.benzinga.com/markets/emerging-markets">at its early stages.</a>



The iShares MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>), which holds more than 800 EM stocks, posted its ninth consecutive daily gain—the longest streak since the fund&#8217;s inception in 2016—reaching levels last seen before Russia's invasion of Ukraine.



&#8220;As an investor, I want to operate under the assumption that… the dollar is going to be devaluing," Otavio Costa, macro analyst at Crescat Capital, said in an exclusive interview with Benzinga. 



"You want to buy natural resources, you want to buy hard assets, but you also want to buy emerging markets in a big way,&#8221; he added.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-1024x527.png" alt="" class="wp-image-948187" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-1536x790.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12152354/image-202-2048x1054.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">The US Debt Problem Is Now a Dollar Problem</h3>



At the core of Costa's view is the widening gap in interest payments between the U.S. and its developed peers.



The U.S. spends about 5% of its gross domestic product on interest—when combining federal and local levels—far exceeding developed peers like Germany, Japan, and Canada, where interest costs are about 1%.



Because the U.S. has far less fiscal flexibility, Costa believes it will be forced to cut rates more aggressively than other economies.



For Costa, the implication is clear: &#8220;That's going to translate into interest rates differentials contracting and causing the dollar to fall."



Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45891893/is-the-us-secretly-hoarding-gold-expert-says-do-it-first-tell-the-world-after">Is The US Secretly Hoarding Gold? Expert Says &#8216;Do It First, Tell the World After&#8217;</a> 



<h3 class="wp-block-heading">US Valuations Are Stretched, EM Stocks Look Cheap</h3>



Costa emphasized the valuation gap between U.S. and emerging market equities.



 "The Cyclically Adjusted Price-to-Earnings (CAPE) ratio of the U.S. is about 35, one of the highest in history. You look at Brazil, and it's about 12." he said.



"Why would you not deploy capital there?&#8221;



Costa sees emerging markets, hard assets and undervalued foreign equities as the likely beneficiaries of this rotation. 



He sees particular value in Brazil, not just in equities but in fixed income as well. "In Brazil, the equity market looks attractive, the bond market looks very attractive," Costa said.



Among developed markets, Costa is particularly bullish on Canada. He sees the Canadian dollar—historically linked to oil and natural gas—on the verge of a breakout, fueled by its commodity exposure and underweight positioning in global portfolios.



"The Canadian dollar is a contrarian play that could benefit from U.S. weakness and commodity strength," he said, adding that Canadian mining companies could also enjoy capital inflows.



He added that capital markets are already signaling a shift. 



"Argentina starts doing well all of a sudden after politics changes… India is doing quite well. Japanese equities doing better than the U.S. Now you're seeing European equities outperform U.S. equities."



"These things are just starting to occur," he said. "They're big moves."



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The Dollar Is Crumbling, And Hedge Fund Analyst Says A New Global Trade Is Brewing

The greenback hasn&#8217;t been this weak in over two years, as mounting evidence of disinflation and cracks in the labor market stripped away its appeal, prompting a louder call from economists for the Federal Reserve <a href="https://www.benzinga.com/topic/interest-rates">to cut interest rates.</a>



The U.S. dollar index—a trade-weighted gauge measuring dollar strength broadly tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>)—dropped to 97.60 on Thursday, the lowest since late March 2022.



The slide came after a one-two punch of economic reports showed inflation cooling among consumers and producers while jobless claims surged to multi-year highs.



<h3 class="wp-block-heading">Inflation Broadly Undershoots Forecasts</h3>



Thursday's data from the Bureau of Labor Statistics revealed the Producer Price Index rose 2.6% in May<a href="https://www.benzinga.com/markets/economic-data/25/06/45902987/producer-inflation-rises-less-than-forecasts-in-may-jobless-claims-signal-labor-market-cracks"> from a year earlier,</a> matching expectations but reflecting only a modest rise from April's revised 2.5%. On a monthly basis, PPI increased just 0.1%, below the 0.2% forecast.



Core PPI, which strips out food and energy prices, cooled to 3.0% year-over-year — its lowest reading since August 2024 — and posted a minimal 0.1% monthly gain, missing the 0.3% estimate. The figures indicate that inflationary pressures in the production pipeline remain soft, despite tariff concerns.



Released a day earlier, the Consumer Price Index for May rose 2.4% annually, a slight uptick from April's 2.3% but under the consensus view of 2.5%. Monthly CPI rose just 0.1%, also below expectations.



Core CPI held steady at 2.8% year-over-year, with monthly gains easing to 0.1%, down from 0.2% the previous month and falling short of the projected 0.3%. 



These numbers reinforce the narrative that price pressures are failing to accelerate, despite lingering tariff-related risks.



Alongside subdued inflation, the labor market showed fresh signs of strain. Initial jobless claims rose to 248,000 in the week ending June 7, exceeding forecasts of 240,000. More significantly, continuing claims climbed to 1.956 million — the highest level since November 2021.



<h3 class="wp-block-heading">Economists Urge Fed To Cut Rates</h3>



Neil Dutta, economist at Renaissance Macro, said on Bloomberg TV, "The fact that continuing claims are basically running at cycle highs tells you that permanent layoffs are going up… The labor market is cracking."



Dutta indicated that the Fed is now behind the curve. "They should be focusing on the data that's coming in… The train may have already left the station."



The expert warned that "Fed policy is too tight" and urged the central bank to act. "Next week," he said, though he added he doesn't expect the Fed to move in June.



Referencing a prior misstep, Dutta added, "Powell said he was a little bit late when he cut in September. Then what does that make him now?"



&#8220;The Fed is whistling past the graveyard," he added. 



Dutta also emphasized the connection between housing and inflation. "You look at metro areas like Dallas, Phoenix—these are places with significant home price weakness and very benign inflation," he said. 



"If the housing market got worse after 100 basis points of cuts, Fed policy is too tight."



Bill Adams, chief economist at Comerica Bank, said the latest data &#8220;make a federal funds rate cut later this year more plausible,&#8221; although he warned that fiscal stimulus and slower labor supply growth may still keep unemployment stable, limiting the Fed&#8217;s incentive to ease.



Stephen Juneau, economist at Bank of America, was more cautious. "Overall, this would be a good number for the Fed, but it&#8217;s hard to take too much signal given the uncertainty tariffs pose around the inflation path."



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Economists Send Urgent Warning After Dollar Hits 2 Year Low

Editor&#8217;s Note: This article has been updated with additional content.



Producer prices snapped back in May after an April decline, but the rebound fell short of sparking inflation concerns, suggesting tariffs and supply frictions have yet to bleed <a href="https://www.benzinga.com/news/econ-s">broadly into the economy.</a>



The Producer Price Index rose 2.6% on a year-over-year basis, up from April's upwardly revised 2.5%, according to Thursday's report from the Bureau of Labor Statistics. 



On a monthly basis, the PPI advanced 0.1%, reversing April's upwardly revised 0.2% decline, and below the 0.2% expected. 



Core PPI, which strips out food and energy prices and is a key indicator of underlying inflation pressures, eased to 3% annually from April's 3.2%. This marks the lowest level since August 2024. On a monthly basis, core PPI inched 0.1%, rebounding from a 0.2% decline in the prior month, below than expected 0.3%. 



Thursday's producer data arrived one day after a softer-than-expected consumer inflation reading. The Consumer Price Index climbed 2.4% year-over-year in May, up slightly from April's 2.3%, but below the anticipated 2.5% increase. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Producer Inflation</th><th>May 2025</th><th>April 2025</th><th>Expected</th></tr></thead><tbody><tr><td>PPI YoY</td><td>2.6%</td><td>2.5%</td><td>2.6%</td></tr><tr><td>PPI MoM</td><td>0.1%</td><td>-0.2%</td><td>0.2%</td></tr><tr><td>Core PPI YoY</td><td>3.0%</td><td>3.2%</td><td>3.1%</td></tr><tr><td>Core PPI MoM</td><td>0.1%</td><td>-0.2%</td><td>0.3%</td></tr></tbody></table></figure>



In a separate release Thursday, the Department of Labor reported that initial jobless claims rose to 248,000 for the week ending June 7, above forecasts for 240,000. Continuing claims surged to 1.956 million, the highest level since November 2021 and above consensus projections of 1.91 million.



The increase in unemployment filings is further evidence of a softening labor market, potentially giving the Federal Reserve additional room to resume the pace of interest rate cuts.



Fed futures currently price in a near-certainty of a first rate cut by October. 



Following the PPI and jobless claims data, traders are assigned roughly 40 basis points of total easing by year-end, implying at least one full 25-basis-point cut and a high probability of a second in December.



<h3 class="wp-block-heading">Market Reactions: Treasury Yields Fall, Dollar Hits 2-Year Lows</h3>



Both the U.S. dollar and Treasury yields dropped sharply following the cooler inflation readings and signs of labor market weakening.



A trade-weighted measure of the dollar, broadly tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), slid to 97.70—its lowest level since March 2022.



Bond markets reacted with a broad rally. The yield on the 10-year Treasury fell 7 basis points to 4.35%, while the 30-year yield also declined 7 basis points to 4.85%. The more rate-sensitive 2-year yield dropped to 3.87%, approaching its lowest point since early May, as traders ramped up bets on Federal Reserve rate cuts.



The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) was 1.1% higher in the premarket trading. 



Meanwhile, U.S. equity futures pared overnight losses, supported by growing expectations for looser monetary policy and more favorable conditions for risk assets.



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Producer Inflation Rises Less Than Forecasts In May, Jobless Claims Signal Labor Market Cracks (UPDATED)

Wall Street traded cautiously on Thursday midday, with major indexes mostly flat while the U.S. dollar slumped to over two-year lows, as investors digested a double dose of soft inflation and a surprise uptick in jobless claims that further bolstered expectations <a href="https://www.benzinga.com/topic/interest-rates">for interest rate cuts.</a>



May's Producer Price Index rose just 0.1% from the prior month, undershooting forecasts of 0.2%, while the annual rate held steady at 2.6%. Core PPI, which excludes food and energy, cooled to 3.0% year-over-year—its lowest since August 2024—and gained only 0.1% on the month, missing the 0.3% projection.



Jobless claims added to the cautious mood. Initial claims climbed to 248,000 last week, above the 240,000 estimate, while continuing claims hit 1.956 million—the highest level since November 2021—suggesting weakening labor demand. 



<h3 class="wp-block-heading">Trump Pressures Powell, Again</h3>



President Donald Trump renewed pressure on Federal Reserve Chair Jerome Powell to cut interest rates.



Speaking from the White House, Trump said he told Powell "we don't need to keep interest rates this high" and added that he "may have to force something," hinting at political frustration over tight monetary policy.



The S&amp;P 500 inched 0.2% higher to 6,035 points by midday trading in New York. The tech-heavy Nasdaq 100 also rose 0.2% to 21,900 points. 



Blue-chip stocks, tracked by the Dow Jones Industrial Average, were flat at 42,860, while small-cap shares fell 0.5%.



The U.S. dollar index — tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) — fell 0.6% to 97.60, hitting its weakest level since March 2022 amid broad disinflation and labor market concerns.



Treasury yields declined across the curve, with 5- to 6-basis-point drops. In response, the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) surged nearly 1%.



Gold prices climbed sharply as the dollar weakened and expectations grew for easier Fed policy. The yellow metal rose 1% to $3,390 per ounce, while silver erased early losses to gain 0.2%, reaching $36.30.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), meanwhile, slipped 1.3% to $107,400. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Nasdaq 100</td><td>21,905.42</td><td>+0.3%</td></tr><tr><td>S&amp;P 500</td><td>6,036.89</td><td>+0.2%</td></tr><tr><td>Dow Jones</td><td>42,864.84</td><td>0.0%</td></tr><tr><td>Russell 2000</td><td>2,137.55</td><td>-0.5%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:00 p.m. ET</figcaption></figure>



<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>



<ul class="wp-block-list">
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rallied by 14.4% in reaction to stronger-than-expected earnings and upbeat guidance. Shares eye the strongest 1-day surge since December 2021. </li>



<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) fell 5% after a fatal crash involving a 787-8 Dreamliner in India resulted in 240 deaths. </li>



<li>Shares of United Airlines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) fell 3.5%, 2.4% and 1.9% in reaction to the tragic event.</li>



<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) surged 14% Thursday after the company announced the adoption of a shareholder rights plan designed to prevent hostile takeovers and protect investor interests.</li>



<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) sunk 20% after announcing late Wednesday that it intends to raise $1.75 billion through the sale of convertible senior notes maturing in 2032. </li>
</ul>



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<li><a href="https://www.benzinga.com/markets/economic-data/25/06/45906982/dollar-hits-27-month-lows-the-fed-should-cut-next-week-economist-says">Economists Send Urgent Warning After Dollar Hits 2 Year Low </a></li>
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Stocks Flat, Dollar Sinks To Over 2-Year Lows After Inflation Data: What's Driving Markets Thursday?

Editor&#8217;s Note: The story has been updated to include Boeing's comments.



An Air India Boeing 787-8 Dreamliner by&nbsp;Boeing Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) crashed on Thursday near the Ahmedabad airport, with 242 passengers on board. The flight was en route to London Gatwick from Ahmedabad.



What Happened:&nbsp;The Air India flight, AI171, met with a tragic fate during takeoff from the Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.



The passenger aircraft, a Boeing 787 Dreamliner with a capacity of 300, crashed in the Meghani area of the city. Thick smoke was seen rising from Dharpur near Meghaninagar, suggesting a major fire likely caused by the substantial fuel load carried for the long-haul flight to London. Emergency response units and fire brigade teams have been deployed to the scene.



Boeing tells Benzinga, &#8220;We are aware of initial reports and are working to gather more information.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on <a href="https://t.co/Fnw0ywg2Zt">https://t.co/Fnw0ywg2Zt</a> and on our X handle (<a href="https://t.co/Id1XFe9SfL">https://t.co/Id1XFe9SfL</a>). -Air India…&mdash; Air India (@airindia) <a href="https://twitter.com/airindia/status/1933086483142902226?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45898426/michael-saylor-shrugs-off-quantum-computing-threat-to-bitcoin-warns-companies-like-microsoft-google-more-vulnerable-youll-see-it-coming-a-mile-away" target="_blank" rel="noreferrer noopener">Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: &#8216;You&#8217;ll See It Coming A Mile Away&#8217; </a>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are following reports of a crash of Air India flight <a href="https://twitter.com/hashtag/AI171?src=hash&amp;ref_src=twsrc%5Etfw">#AI171</a> from Ahmedabad to London. We received the last signal from the aircraft at 08:08:51 UTC, just seconds after take off. The aircraft involved is a Boeing 787-8 Dreamliner with registration VT-ANB… <a href="https://t.co/EmKKISJldF">pic.twitter.com/EmKKISJldF</a>&mdash; Flightradar24 (@flightradar24) <a href="https://twitter.com/flightradar24/status/1933086087682904336?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: This incident adds to the recent challenges faced by Boeing. In 2024, a Boeing 737-800 operated by South Korea's <a href="https://www.benzinga.com/markets/equities/24/12/42716905/boeing-in-spotlight-after-fatal-737-800-crash-in-south-korea-stock-declined-28-amid-deepening-2024-challenges">JejuAir crashed</a>, killing 179 of 181 passengers. This raised serious questions about Boeing&#8217;s safety record and led to a 30% stock decline in the same year.



In May, the U.S. Department of Justice (DoJ) moved to dismiss a <a href="https://www.benzinga.com/markets/equities/25/05/45689735/us-justice-department-seeks-to-dismiss-boeings-fraud-charges-on-737-max-crashes-that-killed-over-300">criminal fraud</a> charge against Boeing, linked to two fatal 737 MAX plane crashes that claimed 346 lives. This decision followed an agreement between Boeing and the Justice Department.



In January 2013, the entire global fleet of Boeing 787 Dreamliners was grounded following a series of safety incidents linked to the aircraft&#8217;s lithium-ion batteries. The U.S. Federal Aviation Administration (FAA) responded by issuing an emergency airworthiness directive, requiring airlines to prove the safety of the batteries before resuming operations. Aviation authorities in Europe, Japan, and other regions quickly followed suit, grounding all Dreamliners operated by eight airlines worldwide. Boeing, while standing by the integrity of the 787, worked with regulators and airlines to develop technical solutions, including redesigning the battery system and adding fireproof containment, before the aircraft was cleared to return to service about three months later



During Thursday&#8217;s pre-market trading session, shares of Boeing declined 7.2%. On a year-to-date basis, it surged 24.51%.



<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/initiation/25/06/45881612/this-coinbase-global-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday" target="_blank" rel="noreferrer noopener">This Coinbase Global Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 7% In Thursday Pre-Market (UPDATED)

Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang commented on Huawei&#8217;s growing influence in China and predicted that robotics and autonomous vehicles will dominate the coming years.



What Happened: Huang shared his insights at the Viva Tech conference in Paris, as reported by <a href="https://www.cnbc.com/2025/06/12/nvidia-ceo-if-us-wont-participate-in-china-huawei-has-china-covered.html">CNBC</a> on Thursday. Huang expressed concern that if the U.S. continues to enforce AI semiconductor restrictions on China, Huawei could leverage its position in the world&#8217;s second-largest economy. &#8220;Our technology is a generation ahead of theirs,&#8221; Huang told CNBC, but warned that Huawei could dominate if the U.S. chooses not to engage with China.



Huang&nbsp;stressed the importance of global AI developers using the American technology stack rather than China&#8217;s. He warned of potential long-term implications if the U.S. loses a significant portion of the world&#8217;s AI researchers.



He further emphasized that the 2020s will be defined by the rapid growth of autonomous vehicles (AVs), robotics, and autonomous machines.



Nvidia, a major player in the driverless vehicle market, provides hardware as well as software solutions for AVs. This market is seeing increased activity, with Alphabet&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo operating robotaxi services in several U.S. cities and Chinese companies like Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Pony.ai running their own robotaxi fleets.



SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accum" target="_blank" rel="noreferrer noopener">Trump Family-Backed Bitcoin Mining Firm Mines $23 Million Worth Of BTC, Signals More Accumulation In The Future</a>



Why It Matters: The Nvidia CEO also praised the European AI market and stated that it &#8220;EU is going to be a very large market for AI&#8221;. Just a day before Huang&#8217;s statement, the company announced the launch of an AI factory and <a href="https://www.benzinga.com/markets/tech/25/06/45884552/nvidia-launches-ai-factory-and-cloud-marketplace-in-europe-partnering-with-bmw-mercedes">cloud marketplace</a> in Europe, partnering with major players like BMW and Mercedes. This expansion is a clear indication of Nvidia&#8217;s commitment to AI and robotics development in the region.



Moreover, Nvidia is also playing a key role in the global AI landscape. The company is sponsoring the <a href="https://www.benzinga.com/markets/tech/25/06/45832414/keir-starmer-unveils-uk-nvidia-ai-plan-to-train-7-5-million-workers-by-2030-jensen-huang-calls-it-only-way-to-survive">ambitious&nbsp;UK plan </a>to train 7.5 million workers in AI by 2030, as unveiled by U.K. Prime Minister&nbsp;Keir Starmer. This initiative further solidifies Nvidia&#8217;s position as a leader in the AI and robotics industry, aligning with Huang&#8217;s vision of the upcoming decade.



Benzinga's Edge Rankings place Nvidia in the 99th percentile for growth and 70th percentile for value, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;



On a year-to-date basis, Nvidia stock climbed 3.27%. 



<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedab" target="_blank" rel="noreferrer noopener">Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India&#8217;s Ahmedabad: BA Stock Falls Over 7% In Thursday Pre-Market (UPDATED)</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BIDU

GOOG

GOOGL

NVDA

Nvidia CEO Jensen Huang Says Huawei 'Has Got China Covered' If US Backs Off, Despite American Tech Being 'Generation Ahead'

U.S. stock futures were trading lower on Thursday after closing lower on Wednesday. Futures of major benchmark indices declined in premarket.



President Donald Trump announced that a new trade agreement with China had been reached, <a href="https://www.benzinga.com/news/25/06/45882971/wall-street-eyes-record-highs-as-trump-seals-china-deal-soft-inflation-eases-tariff-jitters">pending final signatures</a> from him and Chinese President Xi Jinping. 



Meanwhile, Treasury Secretary Scott Bessent indicated that the Trump administration<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45898040/scott-bessent-signals-willingness-to-extend-tariff-pause-for-good-faith-negotiations-trump-thinks-not-a-necessity"> might extend the current 90-day tariff pause </a>past July 9 for the United States&#8217; major trading partners, provided these partners demonstrate &#8220;good faith&#8221; in their ongoing trade talks.



The 10-year Treasury bond yielded 4.39% and the two-year bond was at 3.92%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.55%</td></tr><tr><td>S&amp;P 500</td><td>-0.32%</td></tr><tr><td>Nasdaq 100</td><td>-0.23%</td></tr><tr><td>Russell 2000</td><td>0.69%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Thursday. The SPY was down 0.33% at $599.36, while the QQQ declined 0.27% to $530.99, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



U.S. stocks mostly settled lower on Wednesday, but the energy and utilities stocks bucked the overall market trend, closing the session higher.



Materials, communication services, and consumer discretionary stocks recorded the biggest losses. This occurred amid signs of progress in U.S.-China trade negotiations and cooler-than-expected inflation data.



On the economic front, the Bureau of Labor Statistics reported that annual consumer inflation rose to 2.4% in May, slightly below the 2.5% forecast.



Core inflation held steady at 2.8%, also coming in softer than expected.



Shares of Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) fell 11% after the company reported first-quarter financial results and issued FY25 sales guidance below estimates.



The Dow Jones index ended one point or 0.0026% lower at 42,865.77, whereas the S&amp;P 500 index fell 0.27% to 6,022.24. Nasdaq Composite declined 0.50% to 19,615.88, and the small-cap gauge, Russell 2000, tumbled 0.38% to end at 2,148.23.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.50%</td><td>19,615.88</td></tr><tr><td>S&amp;P 500</td><td>-0.27%</td><td>6,022.24</td></tr><tr><td>Dow Jones</td><td>-0.0026%</td><td>42,865.77</td></tr><tr><td>Russell 2000</td><td>-0.38%</td><td>2,148.23</td></tr></tbody></table></figure>



Insights From Analysts:



Analysts at BlackRock detailed their insights on the stock market during their Midyear Forum.



According to its note, their takeaways were &#8220;look through near-term noise; be deliberate about the kinds of risk you're taking; leverage AI; and watch for biases.&#8221;



BlackRock reiterated focusing on the big picture. For all the ups and downs in markets since the start of the year, they agreed that the drivers of the best-performing companies' equity gains have not changed much.



&#8220;Our portfolio managers discussed several other techniques for spotting opportunities. They are leveraging AI to discern the signal from the noise, as well as tracking patterns and sentiment shifts in their own discussions. They also discussed the importance of being aware of and managing behavioral biases, recognizing that people are less likely to take risk when uncertainty is higher,&#8221; the note added.



Meanwhile, after a better-than-expected May inflation print, Ed Yardeni said that &#8220;Trump&#8217;s tariffs might not be as inflationary as feared. In other words, the widely anticipated stagflation scenario remains a no-show.&#8221;



However, the chief economist at LPL Financial, Jeffrey Roach, said, "Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in prices from tariffs."



According to him, prices for <a href="https://www.benzinga.com/markets/equities/25/06/45899298/automotive-and-apparel-companies-absorbed-tariff-costs-amid-better-than-expected-may-cpi-print-b">apparel and autos</a>, "both highly sensitive to trade conditions, declined in May." Apparel prices also declined in April, indicating that these companies likely "absorbed tariff costs."



"But don&#8217;t expect that to continue," he added.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Thursday:



<ul class="wp-block-list">
<li>The initial jobless claims data for the week ended June 7 and the headline and core producer price index data for May will be released by 8:30 a.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>America&#8217;s CAR-MART Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) was up 2.01% in premarket on Thursday as analysts expect it to report quarterly earnings of 96 cents per share on revenue of $351.85 million, before the opening bell.</li>



<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) rose 0.28% ahead of its earnings, which are supposed to be released after the closing bell. Analysts expect earnings of $4.96 per share on revenue of $5.79 billion.</li>



<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) fell 0.55% as analysts expect it to report a quarterly loss of 9 cents per share on revenue of $818.12 million after the closing bell.</li>



<li>Lovesac Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) advanced 3.07% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect a quarterly loss of 71 cents per share, on revenue of $137.47 million.</li>



<li>Oxford Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) dropped 9.05% after reporting in-line earnings for the first quarter and issuing second-quarter earnings guidance below estimates. Also, the company lowered its FY25 guidance.</li>



<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) jumped 7.61% after reporting better-than-expected fourth-quarter financial results and issuing upbeat outlook commentary.</li>



<li>Intensity Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTS#NASDAQ">INTS</a>) slumped 47.84% after announcing a proposed public offering of its common stock.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading lower in the early New York session by 1.41% to hover around $67.19 per barrel.



Gold Spot US Dollar rose 0.15% to hover around $3,360.25 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.52% at the 98.1210 level.



Asian markets ended lower on Thursday except South Korea's Kospi index. China&#8217;s CSI 300, Hong Kong's Hang Seng, Australia's ASX 200, Japan's Nikkei 225, and India's S&amp;P BSE Sensex indices fell. European markets were lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45899298/automotive-and-apparel-companies-absorbed-tariff-costs-amid-better-than-expected-may-cpi-print-b">Automotive And Apparel Companies &#8216;Absorbed Tariff Costs&#8217; Amid Better Than Expected May CPI Print: &#8216;But Don&#8217;t Expect That To Continue,&#8217; Says Expert</a></li>
</ul>



Photo courtesy: Shutterstock

CHWY

CRMT

INTS

LOVE

US Stocks Likely To Open Lower: 'Look Through Near-Term Noise, Be Deliberate About The Kinds Of Risk You're Taking, Leverage AI,' Say Experts

The euro has lost its position as the second-largest reserve asset globally, with gold taking its place, the European Central Bank (ECB) stated in its 2025 annual review.



The top European financial institution took notice of a surge in central bank purchases and record-breaking prices of <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">the yellow metal</a>. At 20% of reserves, gold is slowly closing the gap on the U.S. dollar, which leads at 46%.



"Adjusted for inflation, real gold prices in 2024 surpassed their previous peak seen during the 1979 oil crisis. Meanwhile, gold reserves held by central banks stand at levels close to those last seen in the Bretton Woods era (36,000 tons), although they now account for a far smaller share of total gold supply," the ECB said in the <a target="_blank" href="https://www.ecb.europa.eu/press/other-publications/ire/focus/html/ecb.irebox202506_01~f93400a4aa.en.html" rel="noreferrer noopener">review</a>.



Also Read: <a target="_blank" href="https://www.benzinga.com//node/45893521" rel="noreferrer noopener">US Embassy Evacuations Spark Middle East Risks, And Markets Are Noticing</a>



The bank has stated the persistent rally into 2025, which has (for now) topped at $3,500 per ounce, driven by a mix of investor interest and persistent official sector demand.



The geopolitical shock of Russia's invasion of Ukraine in 2022 triggered a reassessment of reserve strategies among central banks. Concerns over sanctions and the weaponization of reserve currencies drove a shift toward gold, which has long been viewed as a neutral store of value.



This trend was notable among countries geopolitically aligned with or near China and Russia, many of which began increasing their gold holdings in late 2021.



In response, gold demand from the official sector surged to historic highs. Central banks added over <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/02/43512109/gold-extends-records-as-central-banks-rush-to-buy-bullion-miners-eye-sixth-straight-winning-week" rel="noreferrer noopener">1,000 tons of gold</a> in each of the past three years—more than double the pace seen during the 2010s.



In 2024 alone, official sector purchases represented over 20% of global gold demand, effectively doubling the average share of 10% in the previous decade.



According to recent data from the World Gold Council, Türkiye, India, China, and Poland were the <a target="_blank" href="https://www.gold.org/goldhub/gold-focus/2025/05/indias-gold-market-update-gains-hold-despite-demand-pressure" rel="noreferrer noopener">largest gold buyers</a>, collectively adding over 600 tons since the end of 2021. Interestingly, while India recently became the fourth-largest global economy, Poland is its European counterpart and the only regional outperformer in 2024,<a target="_blank" href="https://think.ing.com/snaps/poland-cee-peers-2024/" rel="noreferrer noopener"> ING research</a> showed.



Boosted gold reserves could help these economies to <a target="_blank" href="https://www.benzinga.com/markets/commodities/25/05/45617358/gold-demand-holds-firm-as-dollar-confidence-wavers" rel="noreferrer noopener">safeguard against de-dollarization</a>, and hedge against inflation and political instability.



Despite gold's impressive climb, its dominance is still constrained by supply limitations and competition from other reserve assets. Notably, the global gold supply is expected to grow by just<a target="_blank" href="https://www.benzinga.com/markets/commodities/25/06/45828108/global-gold-supply-to-grow-1-in-2025-report-shows" rel="noreferrer noopener"> 1% in 2025</a>, while the U.S. dollar money supply (M2) has grown by<a target="_blank" href="https://ycharts.com/indicators/us_m2_money_supply_yoy" rel="noreferrer noopener"> 4.44%</a> in the last 12 months.



Price Watch: SPDR Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) is up 25.6% year-to-date.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45891893/is-the-us-secretly-hoarding-gold-expert-says-do-it-first-tell-the-world-after" target="_blank" rel="noreferrer noopener">Is The U.S. Secretly Hoarding Gold? Expert Says ‘Do It First, Tell the World After'</a></li>
</ul>



Photo by FOTOGRIN via Shutterstock

Commodities

GLDM

OUNZ

SGOL

USDU

Gold Surpasses Euro To Become Second-Largest Reserve Asset, Still Far Behind Dollar, ECB Says

Following Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">WWDC 2025</a>, Dan Ives, global head of technology research at Wedbush Securities, said the tech giant &#8216;might be forced&#8217; to pursue a merger or acquisition with an AI platform like Perplexity, or one of several others—<a href="https://www.benzinga.com/news/14/05/4542648/the-reasons-behind-apples-reported-acquisition-of-beats">similar to its 2014 acquisition</a> of Beats—to remain competitive in AI and meet growing consumer demands.



What Happened: During an interview with DW Business on Tuesday, Ives discussed Apple's current position in the AI race, highlighting the <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">company's lag behind competitors</a> like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and AI startups like OpenAI.



He highlighted that Apple's iOS ecosystem could provide an advantage, but the company needs to act quickly to leverage AI.



Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45887072/whats-going-on-with-gamestop-stock-wednesday-2" target="_blank" rel="noreferrer noopener">What's Going On With GameStop Stock Wednesday?</a>



He also noted that consumers need reasons to upgrade, especially when AI advancements are becoming a key driver in technology. Without a strong AI offering, Apple risks falling behind in a critical area that's shaping the future of tech.



&#8220;On one hand, you have a golden install base in the world &#8230; you got to monetize on AI,&#8221; he said, adding, &#8220;Right now they&#8217;re way behind and I think that&#8217;s a concern for investors and I&#8217;d say even from a consumer perspective. You need reasons to upgrade.&#8221;



When asked about the argument that AI isn't yet aligned with Apple's brand, Ives suggested that Apple must participate in AI or risk being left behind.



&#8220;I do think maybe culturally in some of their standards &#8230; but look, the reality is they&#8217;re going to have to accelerate this because it&#8217;s the biggest technology innovation in the last 40-50 years and Apple can&#8217;t be on the outside looking in,&#8221; he stated.



Perplexity did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment on whether the AI firm is open to acquisition. 



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Apple falls behind in AI race &#x7C; DW News" width="500" height="281" src="https://www.youtube.com/embed/WZ1nCdj-1DU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Why It's Important: Apple&#8217;s new iOS 26 design, &#8220;Liquid Glass,&#8221; introduced at WWDC 2025, is also <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-calls-wwdc-2025-a-yawner">facing significant backlash</a> online. The translucent, fluid interface spans across various elements like buttons and the Control Center, aiming to enhance user experience.



Despite Apple touting its innovation, people on social media, including investor Ross Gerber, have expressed strong disapproval, with some saying Steve Jobs would not have approved.



Previously, Ives also characterized the event as highlighting &#8220;slow and steady improvements,&#8221; but ultimately dismissed it as &#8220;a yawner.&#8221;



On the other hand, Gene Munster of Deepwater Asset Management said Apple isn&#8217;t yet ready to reveal its more advanced AI efforts but has time to catch up.



He noted the most important WWDC 2025 announcement was the Foundation Model framework, which enables easier on-device integration of Apple Intelligence for developers.



Price Action: Apple shares have declined 18.48% year-to-date and are down 6.71% over the past 12 months, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.



Benzinga's Edge Stock Rankings reflect a downward trend for Apple across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance metrics can be found here</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12042159/Screenshot-2025-06-12-at-1.37.32%E2%80%AFPM.png" alt="" class="wp-image-947244"/></a></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What's Driving Markets Wednesday?</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo Courtesy: Prathmesh T on Shutterstock.com

AAPL

MSFT

Apple May End Up Acquiring Perplexity Like It Did With Beats In 2014, Says Dan Ives—Consumers Need 'Reasons To Upgrade' As iPhone Maker Falls 'Way Behind' In AI Race

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is preparing to roll out its AI Copilot tool for the Pentagon by summer 2025.



What Happened: In a meeting earlier, the company's Chief Commercial Officer, Judson Althoff, said that a major customer with over 1 million Microsoft 365 licenses is set to adopt Copilot, Business Insider <a href="https://www.businessinsider.com/microsoft-copilot-licenses-million-ai-2025-6">reported</a> on Wednesday, citing sources. 



The Pentagon is a likely candidate given its large workforce, including 2.1 million military members and 770,000 civilian employees, <a href="https://www.businessinsider.com/microsoft-prepping-ai-copilot-pentagon-2025-6">according</a> to the media outlet.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment' But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side'</a>



In a March blog post written for government customers, Microsoft revealed plans to introduce a version of its Copilot AI tool tailored for the Pentagon and other high-security government clients by the summer of 2025.



Pentagon did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.



Why It Matters: The tool, part of Microsoft 365, is designed to automate tasks and enhance productivity across platforms like Word, Excel and PowerPoint.



"Work is ongoing to ensure the offering meets the necessary security and compliance standards," Microsoft stated, highlighting the significant effort involved in adapting the tool for DoD environments.



Department of Defense did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.



Microsoft 365 Copilot uses AI models to assist employees with repetitive tasks, offering insights and streamlining workflows.



Price Action: Microsoft shares rose 0.36% on Wednesday and edged up another 0.085% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



Benzinga&#8217;s Edge Stock Rankings show a positive trajectory for MSFT across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights can be found here</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11231035/Screenshot-2025-06-12-at-8.33.47%E2%80%AFAM.png" alt="" class="wp-image-946931"/></a></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Image Via Shuterstock

Government

Media

Microsoft To Roll Out AI Copilot For Pentagon By Summer 2025, Tailoring Productivity Tool For High-Security Government Use: Report

On Wednesday, Cathie Wood&#8217;s Ark Invest made significant trades, with the most prominent being in Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>), GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Kratos Defense and Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) and Avidxchange Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>).



The BEAM Trade: Ark Invest&#8217;s ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) purchased 349,264 shares of Beam Therapeutics. The biotech company&#8217;s stock has been on the radar of many investors due to its innovative approach to genetic medicines.



The value of this trade, based on the day&#8217;s closing price, is approximately $6.25 million.



The GTLB Trade: GitLab also saw significant buying activity from Ark Invest. The ARKK and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) bought a combined total of 227,698 shares of the software company. GitLab has been gaining traction in the tech industry with its single application for the entire software development lifecycle. The total value of this trade is around $9.88 million.



The PLTR Trade: In contrast to the buying activity in BEAM and GTLB, Ark Invest sold shares of Palantir Technologies across its ARKK, ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).



This move comes after <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">Palantir&#8217;s stock faced pressure</a>, despite surpassing first-quarter earnings expectations, and amid a brewing controversy surrounding the company's alleged involvement in a surveillance program.



The total shares sold amounted to 53,829, with a value of around $7.34 million.



Other Key Trades:



<ul class="wp-block-list">
<li>Roblox Corp: Ark Invest sold 98,362 shares via the ARKK ETF.</li>



<li>Kratos Defense and Security Solutions Inc: Ark Invest sold a combined total of 83,378 shares across the ARKQ and ARKX ETFs.</li>



<li>Cloudflare Inc: Ark Invest sold 5,193 shares via the ARKW ETF.</li>



<li>CrowdStrike Holdings Inc: Ark Invest sold 1,969 shares via the ARKW ETF.</li>



<li>CoreWeave Inc: Ark Invest sold 12,728 shares via the ARKW ETF.</li>



<li>Avidxchange Holdings Inc: Ark Invest sold 96 shares via the ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>).</li>
</ul>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">Apple WWDC 2025: iOS 26, macOS Tahoe 26 And More Announced With Liquid Glass Design, Live Translation, Other Apple Intelligence Features</a></li>
</ul>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: ChrisStock82 / Shutterstock.com

ARKF

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AVDX

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Cathie Wood's Ark Invest Continues To Offload Palantir, Loads Up On Beam Therapeutics, GitLab

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